Canada still a “major money laundering country” in 2013 International Narcotics Control Strategy Report on AML

The 2013 International Narcotics Control Strategy Report (“INCSR“) published this month by the U.S. Department of State, particularly volume I on the drug trafficking trade, is more favourable of Canada than the last two years, primarily as a result of the enactment in Canada of the Omnibus Crime Bill C-10, know as the Safe Streets and […]

Canada moves forward on law to remove foreign criminals

Foreign Criminals Removal On Monday, Canada’s immigration minister will move forward with legislation to facilitate the removal of foreign criminals from Canada. Bill C-43, entitled the Faster Removal of Foreign Criminals Act, will amend the Immigration and Refugee Protection Act in the following ways: Certain foreign nationals convicted of a criminal offence in Canada will be […]

Escort agency charged with money laundering

The U.S. Attorney’s Office and the FBI announced the filing today of money laundering and prostitution charges against several Philadelphia-based companies, R.S. Duffy Inc. and National A-1 Advertising Inc., that allegedly ran an escort service from the website escorts.com. The companies entered into a plea agreement in respect of money laundering conspiracy charges and agreed to the recommended […]

Swiss authorities arrest LTTE members on money laundering

The Swiss authorities have arrested ten suspected members of the terrorist organization Liberation Tigers of Tamil Eelam  (LTTE) for alleged extortion and money laundering to support terrorist financing. According to a statement from the Swiss Attorney General’s office, the Tamils forced Sri Lankan foreign nationals living in Switzerland to provide financial support for the LTTE, […]

A primer on human trafficking, human smuggling and money laundering

Human Trafficking & Money Laundering Human trafficking is the second largest illicit business in the world, after drug trafficking, generating as much as US$40 million annually in proceeds of crime that are laundered through the legitimate financial system. It is a modern form of slavery, defined as any act that involves the transport, harbouring, or […]